how long is it before a debt is written off by the bank i m being chased for £4000 from 12 years ago?

Answer 1

It doesn't matter if they are trying to contact you, what matters is if you have contacted them within a six year period. See the government site below for full details.

One of the problems with this site is that a lot of the answers are just plain wrong !!!

Answer 2

The "7 year" statement mentioned a couple of times above does not apply if they are actively chasing you, which they seem to be doing,.

Debts do not expire. You owe the money for life unless its written of in bankrupcy.

So long as the banks keep chasing you, you still owe the money.

Internally they will not have written it off thier books because once they do that, they could not chase you for it because it would no longer be a debt.

Assuming you do owe them the money and its not a mistake.....

Just pay up and save us the trouble of subsidising your irresponsibility through increased bank charges.

Trying to dodge the system for the sake of a few grand makes you look cheap.

Answer 3

Hi !
And whoops!
Why run up unpayable debts ?
OK, dip into the overdraft a tad at Christmas, with a plan ahead of settling up.
A bloke still owes me £50 from a card game 15 years ago, and I do not let him forget it. It may come to pass, but he is informed that the amount is now £100 due to inflation & interest.
Have you changed banks?
The original one may well disapear into the distance, but usually only for sums of less than £1000.
There is no statutary obligation to write off a debt, and indeed folks like the tax-man will chase your estate to the grave.
Best to pay the thing off, bit by bit, under an agreement with the lendor. No more hassle, and peace of mind.
All the best with it,
Bob.

Answer 4

They may have already "written it off" on their books, but the debt may still remain. And, most likely, the debt is growing continually, as the interest due on your debt continues to accumulate.

And, as long as the bank is "chasing" you over the debt, it will affect your credit record.

Good luck.

Answer 5

Depends if you have had any contact from them in the last 6 years. If not it is legally written off and you dont have anything to worry about as they cannot legally persue the debt. Have a look at www.cccs.co.uk

Answer 6

The bank can sell your debt onto an agency. Is it the bank that is writting to you or an agency. if its an agency than your debt has been sold on and you could end up in court and with balliffs at your door. Get advice from a debt advisor.

Answer 7

Not sure how long before your debt is written off, however have you considered declaring yourself bankrupt that way the debt is written off, seek legal advice soon before you lose everything, Also dept collectors can only take items that belong to you, so place everything in your partners name so to prevent from losing all your personal processions. good luck

Answer 8

if they have applied for a CCJ, you would have been cleared of the debt after 6 years. The only thing they can do is to inform financial agencies in your country of residence of the debt & somehow mess up your credit scoring

Answer 9

depends if you have admited the debt is still owed.

if you have then it legally becomes due again.

otherwise 6 years from the last payment.

however !! they can chase you for it forever. they just cant use the legal system after 6 years.

Answer 10

It's your debt, you spent the money ...PAY IT!
You've managed to buy yourself a computer to access the internet on, so you're not living on the breadline are you? Or was the computer bought on credit too??!!

I find it hard to believe that for TWELVE YEARS you didn't earn enough to contribute to the debt you incurred.
It's people like you who make the interest rates higher for everyone else.